After months of Trump promising various things and getting involved with crypto, even as far as getting endorsed by Elon musk himself who is also a popular name within the crypto realm, He has now won so let us talk what could happen in the next 4 years with Trump as president.
First of all, it is guaranteed that the SEC chair will be replaced by a new one. Trump has said that he will fire Gary Gensler if elected. The question now would be, who would replace him? Surely the SEC chair that will replace Gensler is someone who has the same plans for bitcoin and crypto as Trump. We will definitely see less restrictions within the crypto market which would lead to more innovations.
Trump hopes to make bitcoin as the country's reserve and treat it like a national gold reserve. If this were to happen, countries that are already holding bitcoin will find themselves at an advantage while countries without bitcoin might scramble to keep up.
Bitcoin or crypto transactions will be taxed less. This can definitely boost more interest in crypto especially in the US. Trump hopes to make the US as a bitcoin capital and gaining interest from other countries due to their bitcoin friendly policies could lead to that.
Of course, these things can only happen if Mr. President actually follows through his words but if he does do the things he has said,
where do you see bitcoin, specifically in the US, 4 years from now? That's the pre-election promise by Trump that I actually want to see fulfilled, merely to see if he is such a person who holds true to his words.
Plus looking at the situation from another viewpoint, although Ross Ulbrict is a convict, he's also a pioneer in what applications could be done through Bitcoin.